Issue No. 208 | Dec. 10, 2020
Strengthening American capacity for effective engagement
Weekly Reading
This week we are taking a closer look at China's efforts to develop digital currency, and what this means for China's economy as well as the global financial system.

Digital yuan has begun to be introduced into Chinese citizens' lives through a series of pilot tests. This Friday (December 11), the government will distribute 20 million yuan ($3 million) of the virtual currency to citizens in Suzhou through a lottery. This will be the largest experiment with the digital currency yet. 

Video: In this interview, Huang Yiping (黄益平, Professor of Economics at the National School of Development at Peking University) provides excellent context for understanding China's latest efforts in digital currency, bitcoin, mobile payments, and the internationalization of RMB. The interview is 28 minutes long. Watch now.

Read: 黄益平:所有金融交易都要监管,数字金融也不能例外. This article by Huang Yiping, published Nov 30, gives his take on how we should view digital finance, its potential pros and cons, and some of the key issues to pay attention to.

English-language article:
"China has been developing a digital version of its sovereign currency since 2014, hoping that it will offer policy makers more insights into consumer spending, give them greater control over the money supply, and perhaps even boost the yuan’s use overseas (that one’s a long shot)." - Quartz
俗语 from Xi Jinping's Speeches
hào rú yān hǎi

Meaning: Vast as the open sea; extensive

Original: "我国浩如烟海的文献典籍记录了中国3000多年的历史,同时在甲骨文发明以前在中华大地还有1000多年的文明发展史、超过百万年的人类发展史并没有文字记载。"

Source: This quote is from Xi Jinping's 求实 piece on November 30: 建设中国特色中国风格中国气派的考古学 更好认识源远流长博大精深的中华文明

Chinese Webinar Series
大学沙龙, The Carter Center, Dragon Eagle TV, the China Research Center and the American Mandarin Society are co-hosting a series of online Chinese lectures 《美国面面观》 focusing on different aspects of the United States, including politics, society, diplomacy, civil organizations and race relations.

The next lecture "1960年代中美关系再探讨" will be held via Zoom this Friday evening December 11, from 8-10pm (EST).

Niu Jun (牛军), Professor at the School of International Relations, Peking University, will discuss US-China relations in the 1960s. 

Register for the webinar here. If you are unable to watch the seminar live, a link to the video recording will be sent to your email address.
DC Chinese Film Festival
"The 5th D.C. Chinese Film Festival-ALULA Film Festival opens next week, from Dec. 14 to 20. Festival Passes and tickets are available now at Eventbrite.

"In this season of social distancing, we bring the movie-going experience we all miss too much into your home. Join us for the annual celebration of great cinema, diverse storytelling and thought provoking conversation…31 films, 15 screenings and more events virtually all in one place at ALULA Film Village."

Internship and Job Opportunities
The Center for Advanced China Research is hiring volunteer research interns to conduct research and assist with the center's development. Applications are reviewed on a rolling basis. Ideal candidates are advanced undergraduate students, recent graduates, and graduate students with knowledge of China’s political system and foreign policy, excellent Chinese-language research skills, and excellent writing skills.

The Stimson Center, a nonpartisan global security think tank located in Washington, DC, seeks a full-time Research Analyst for its China Program. Candidates must be committed to producing rigorous desktop and field research to improving understanding of Chinese foreign policy and its regional and global implications. The ideal candidate will have the ability to rely on firsthand sources and develop pragmatic policy analysis and solutions. 
Support the American Mandarin Society!

If you appreciate the effort we put into organizing Chinese-language policy events, providing robust language and policy resources on our website, and the kind of content you see in this newsletter, please consider supporting us with a tax-deductible contribution--every bit helps!

The American Mandarin Society is a 501(c)(3) non-profit organization.
Copyright © 2020 All Rights Reserved